Why you should lease commercial space for your business
If you’ve just launched a business or are ready to move your business out of your home office or garage, you will have to decide whether you want to buy or lease commercial real estate for your office space. When you lease a commercial space for your business, you are renting it from its owner. Leases are available for a set term, at which point you can renegotiate if you wish to continue operating your business from that location. Here are a few reasons why leasing commercial space would be a good choice for your business: More Flexibility When you buy commercial real estate , you have to make a significant down payment, usually between 10 percent to 40 percent of the property’s value. You are also responsible for the closing costs and appraisal fees. Renting gives you more flexibility because you don’t have to tie up as much cash as you would if you were buying. No Major Repairs Or Upkeep Significant maintenance problems and upkeep will be the responsibility of the property